Philips’ Third Quarter Results 2015

Amsterdam, October 26, 2015

Report

Q3 2015 resultsPDF 717.7 kB

Presentation

Q3 2015 presentationPDF 3.9 MB

Webcast

Q3 2015 transcriptPDF 176.2 kB

Philips reports Q3 comparable sales growth of 2% to EUR 5.8 billion and an improvement in operational results to EUR 570 million

Third-quarter highlights

  • Comparable sales up 2%, driven by North America, Asia Pacific and Central & Eastern Europe
  • Currency-comparable order intake up 2%, driven by 6% growth in North America
  • EBITA, excluding restructuring and acquisition-related charges and other items, amounted to EUR 570 million, or 9.8% of sales, compared to 9.1% of sales in Q3 2014
  • EBITA totaled EUR 429 million, or 7.4% of sales, compared to a loss of EUR 62 million in Q3 2014
  • Net income amounted to EUR 324 million, compared to a net loss of EUR 103 million in Q3 2014
  • Free cash flow of EUR 58 million, compared to EUR 155 million in Q3 2014
  • Philips provides update on Lumileds transaction
  • Philips Lighting separation process on track